Issue Summaries for the 112th Congress
(View issue summaries for the current Congress.)
S. 518, The Veterinary Medicine Loan Repayment Program Enhancement Act (VMLRPEA)
This bi-partisan legislation will help the country address a critical shortage of veterinarians serving our rural areas by making the Veterinary Medicine Loan Repayment Program (VMLRP) tax-exempt, thereby increasing the number of veterinarians who can participate in the program. The act would also apply to similar state programs that encourage veterinarians to practice in underserved communities.
Status: The legislation was introduced on March 9, 2011 by U.S. Senators Tim Johnson, (D-S.D.) and Mike Crapo, (R-Idaho). It was referred to the U.S. Senate Finance Committee.
AVMA Position: Active Pursuit of Passage
Primary Contact: Gina Luke
H.R. 2028, Private Student Loan Bankruptcy Fairness Act of 2011
Amends the federal bankruptcy code to remove qualified educational loans as an exception to discharge from bankruptcy.Status:
H.R. 2028 was introduced 5/26/11 and referred to House Committee on the Judiciary Subcommittee on Courts, Commercial and Administrative Law on 7/11/2011.AVMA Position: SupportPrimary Contact: Gina Luke
H.R. 4170, Student Loan Forgiveness Act of 2012
The bill would cap the interest rates on federal student, including interest rate on Direct Consolidation Loans, at 3.4%. It would reduce the Public Service Loan Forgiveness requirement to 5 years from its current 10 years. It creates a new “10-10 standard” for student loan forgiveness. It allows certain borrowers to consolidate their private education loans as Direct Consolidation Loans, provided the private loans were made on or before the date of this Act's enactment.Status:
H.R. 4170 was introduced on 3/8/2012 by Rep. Clarke Hansen (D-MI-13) and referred to the Committee on Education and the Workforce, as well as the Committees on Foreign Affairs, and Armed Services.AVMA Position: Support
S. 1102, Fairness for Struggling Students Act of 2011
Revises federal bankruptcy law with respect to the exemption from the exception to discharge in bankruptcy for certain educational loans if excepting such debt from discharge would impose an undue hardship on the debtor and debtor's dependents; limits such exemption to the existing ones for: (1) an educational benefit overpayment or loan made, insured, or guaranteed by a governmental unit or made under any program funded in whole or in part by a governmental unit; and (2) an obligation to repay funds received from a governmental unit as an educational benefit, scholarship, or stipend; repeals the current exemption for: (1) any loan made under any program funded in whole or in part by a governmental unit or nonprofit institution; and (2) any other qualified education loan incurred by an individual debtor on behalf of the taxpayer, the taxpayer's spouse, or any dependent, including indebtedness used to refinance a qualified education loan. (Thus makes both kinds of loans nondischargeable in bankruptcy.)Status:
S. 1102 was introduced on 5/26/11 and referred to the Senate Judiciary Committee.AVMA Position: SupportPrimary Contact: Gina Luke